Cash Flow Improvement
Cash provided by operating activities was up $1.6 billion sequentially, primarily driven by working capital improvements and advanced payments for low carbon solutions and other long-term supply agreements.
Strategic Divestitures and Partnerships
Dow closed the second and final phase of its strategic infrastructure asset partnership in the U.S. Gulf Coast, delivering $3 billion in total proceeds this year. Additionally, completed noncore divestitures delivered approximately $250 million.
Cost Savings and Financial Flexibility
Dow is on track to deliver approximately $400 million in cost savings this year as part of a $1 billion target by 2026. Additionally, Dow issued $1.4 billion in bonds, providing added financial flexibility.
Strong Performance in US Gulf Coast
The new polyethylene unit in the U.S. Gulf Coast is sold out, contributing to improved integrated margins and operating rates.